Inflation in Georgia

Georgia Inflation | Economic News & Forecasts

Georgia - Inflation

Salome Zurabishvili, an ex-foreign minister, was elected as Georgia’s president on 28 November, after beating the opposition candidate, Grigol Vashadze, by a comfortable margin. Despite the widespread protests over allegations of election fraud, Zurabishvili was officially sworn in on 15 December. Meanwhile, the economy lost pace at the beginning of the second half of 2018. Annual GDP growth slowed from 5.6% in Q2 to 3.7% in Q3, marking the worst result in nearly two years, largely due to contractions in the manufacturing and construction sectors. Available Q4 data paints a mixed picture: Economic activity growth soared in October, only to be followed by a slump in November.

Georgia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)-0.5  3.1  4.0  2.1  6.0  

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Georgia Inflation Chart

Georgia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: National Bank of Georgia.

Georgia Facts

Exchange Rate2.660.0 %Jan 21
Stock Market0.10.55 %Jan 21

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